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story-- phone lines light up as business groups lobby lawmakers on immigration legislation.. an update on residents of the jersey shore and more in the 1 year aftermath of superstorm sandy.. and words of wisdom on taking risks from buffett and son. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's tuesday, october 29th. i'm angela miles. in today's first look: a record rally to start the week. the dow fell a point, the nasdaq by 3, but the s&p-- just managed to make a record day when a gain of 2 points. gold and oil remained near the flatline. apple fails to impress wall street. after the close last night the tech giant reported earnings that topped analyst targets-- but profits from sales of iphones and ipads were not as robust as what analysts wanted. shares dropped about two dollars. retailer michael kors is set to join the s&p 500 friday night. shares rose $3 dollar after the close on the news. gas prices-- hit the lowest level of year year monday. according to triple a the average price of a gall
from all over the nation to pressure the congress to take up the issue of immigration reform. the u.s. chamber of commerce is hosting a forum on the need for immigration reform. high-tech representatives from the silicon valley immigration advocacy group founded by facebook ceo mark zuckerberg are also expected to be there. now president obama has said he wants congress to pass immigration reform legislation before the end of the year. >>> the organization in charge of monitoring the destruction of syria's chemical weapons says inspectors have been able to visit 37 of the 41 chemical facilities. they say they couldn't visit the other sites because of security risk. that means the inspectors weren't able to meet an october 27th deadline to go to all of the declared sites. >>> a criminal's grand jury has indicted disgraced supervisor george shurikawa. three years agent investigators say he impersonated a city council candidate on bogus mailers that linked her to the community government in vietnam. she resigned in march dough to another scandalous case. he was accused of stealing publ
lawmakers to pass an immigration overhaul by the end of the year. the chamber of commerce helped put the meeting together. legislation from the house democrats has attracted at least two republican co-sponsors. that proposal would provide a pathway to citizenship for undocumented immigrants and increase border security. meanwhile senator marco rubio facing criticism after saying he'd support a republican effort in the house to consider a piece meal approach instead of the sweeping senate bill that he worked on. republican senator john mccain who also worked on the senate bill says he's optimistic house republicans will act, but only after next year's primaries. >>> the heated u.s. senate primary in wyoming between mike enzi and liz chain any tu chene to a game of to tell the truth. here's what the former vice president said. >> mike also said he and i are fishing buddies. not true. never happened. >> but the shore pushing baenat of telling fish tales. the senator said i anchored the one fly fishing contest with him one time and i was asked to speak at his induction in the fly fishing
. ellis was home for about 12 million immigrants entering the united states and sits right next door to the statue of liberty. the $28 million restoration project is still continuing. >>> and recapping our earnings investments, investors initially sold on the future market pressure but shares have since erased those losses. >> and we'll see how they do tomorrow. >> we will. i'm susie gharib. >>> and i'm tyler mathisen, thank you for joining us, we'll see you tomorrow night. >>> nightly business report is brought to you by street.com, multi-media tools for a financial world. our dividends stock adviser guides and helps to generate income during a period of low interest rates. we are the street.com. >> welcome to "film school shorts," a showcase of the most exciting new talent from across the country. experience the future of film, next on "film school shorts." "film school shorts" is made possible by a grant from maurice kanbar. celebrating the vitality and power of the moving image. and by the members of kqed.
. the daughter of immigrants from india hopes to become a paediatrician. she's a premed major at queens college, who lives at home. her tuition is under $6,000, all heir family can -- her family can afford. >> the college bays large amounts of aid. >> we are getting students, first in the family to go to college or first in this country. without us they wouldn't be able to transcend the particular situation and move up. >> financial planner bob traitz says cost has everything to do with how families pick schools. >> from working class families they select on affordability and geographical convenience as opposed to living on campus. >> with tewition on the rise, families are looking at where they can get the most bang for the buck. the "washington monthly" produced one of many lists ranking colleges on that. queens college is number two. the study looked at 1500 colleges. queens was one of the best in helping low income students get degrees at affordable prices. >> "washington monthly"'s prices took fact a record for producing cutting edge class. measuring the value of college can lead to differ
issues, including the need for better immigration policies to help the agricultural industry. according to the labor department, the u.s. had 1.4 million crop workers between 2007 and 2009, 26% of them were migrant workers. >> we have farm thaers are going out of business because they can't get the kind of labor they need. >> is for my viewers who say we have upward of 10 million unemployment people in america, can't they be those workers? >> that's is the easiest myth to debunk. you advertise, and you might have three americans show up with 100 other people that show up. >> why is that? >> go out into the watermelon fields or strawberry fields of yuma, arizona. you and i wouldn't last ten minutes. the heat and physical labor is unbelievable. our foundation did a study, and we found that anybody in arizona can earn as much money from the state and federal government being unemployed as they can working in the field. >> buffet also worries about americans who seem to be disconnected from their foot roots. he uses tower hill. 12 minutes away from his farm as an example. >> those people ha
immigration visas. early reports say fines could reach a record 35 million dollars, the largest fine ever of its kind. infosys tells the wall street journal it is cooperating wi the investigation. a september slump in the retail sector. retail sales a tenth of a percent last month as americans scaled back on big ticket purchases. the data suggests the government shutdown is not likely a factor, as july and august numbers were also trending lower. while demand for big items like cars fell....food, beverage, and electronics sales all rose. sea world is headed to appeals court in november. the company will fight fines that followed the tragic 20-10 death of a trainer killed by an orca whale in orlando. sea world was hit with negative press after the tragedy, including the revealing documentary "blackfish." after the incident, the labor department fined the company and demanded it separate whales from trainers during performances. now -- the company is appealing, stating that a work safety clause under the "occupational safety health administration." cannot be used to force a company to chang
tonight comprehensive immigration reform, amnesty. why is the gop establishment, why is big business go scared of the house plan on immigration? we will be joined by douglas holtz-eakin on the renewed push by the big guys from the right tonight at 7:00 eastern. stuart: take a look at as low. it is down big now, had opened a little higher earlier today. the only news is that a second car fire reported last hour, it was a car that hit two walls, caught fire, we put that story out, the stock is down eight points. not sure there's a connection between us putting the story out and a big loss but it is a big story today, the big story at the administration, knew that ten million people would lose insurance under obamacare. despite promises to the contrary. remembered dr. alice chin on "varney and company" yesterday, here is her explanation. kicked off the plan that they like. >> the plan is actually -- stuart: a choice doctor and out of our hand the government will decide what level of care they get. how much they have to pay for it. let's be clear, ten million people will be kicked off the p
of immigrants from india, homes to one day become a pediatrician. she's a pre-med major at queens college who lives at home. her tuition is $6,000 a year. which is all her family can afford. it provides large amounts of student aid so student don't have to pick up a job to pay their tuition. >> we're getting students who come from very modest means, first in the family to go to college, maybe first in this country. without us they wouldn't be able to transcend their particular situation and move up. >> reporter: college has everything to do with how families pick schools. >> from working class families. they're selecting the colleges based on affordability and geographical screens of their son or daughter commuting as opposed to living on campus. >> reporter: with tuition on the rise many families are looking at where they can get the most bang for the buck. the washington monthly has produced one of many lists that ranks many colleges just that, and queens college is number two. they looked at more than 1500 colleges. queens ranked best at getting low income students get marketable degrees a
congress to debate immigration reform. the u.s. chambers of commerce is hosting a forum on immigration reform. high-tech representatives from silicon valley's immation advocacy group are also at the event. the president wants congress to pass immigration reform before the end of the year. also syrian hackers claim they hacked president obama's twitter account. yesterday, two links posted on the president's account redirected users to sites that support syrian president assad. the group syrian electronic army, well, they've hacked into several prominent websites including why the the new york times." -- including "the new york times." >>> we're getting a look into a nursing home where more than a dozen people were allegedly abandoned and we're getting more information about what the owner said she was trying to do of about the facility was shut down. on saturday, mare medics lee moved -- paramedics removed 14 people from the home after someone called for an ambulance. there were three staff members on duty. neighbors say the conditions there have been bad for years. >> the facility and
immigration. we have 3.1 people -- 3.1 million people come here every year. i think there is opportunity. i believe in hope and change. i believe in a better world. i don't speak for north dakota. the good people out here are probably the toughest men i have ever met in my life out here did -- out here. i see whole crews of women landscapers, men in the oil fields, there are mostly white and black eyes out here. the idea that you need illegal immigrants to work the business, or even the harvested -- i worked in the harvest and there were a lot of mexicans but a lot of white guys to. a lot of indians even. say, i the hard part to do not understand why democrats, women who have a child that is even if he has an education he's finished. i have been -- i am 49 and i have been through the ringer of reverse discrimination. i don't know how you vote against the interest of your race and people. we have to have a loyalty or your children are going to be finished. thank you for sharing your story. if you are just tuning in or joining us on c-span radio, which is heard nationwide, we have moved to xm
with regulators over visa discrepancies. if true, the penalty will be the biggest immigration fine ever. they're accused of manipulate b travel documents to enable indian workers to serve long tenures in the u.s. with allegations they got travel permits as opposed to work visas. shares of the tech firm are nevertheless just up slightly in india today. >>> still to come, the head of global corporate bank for jpmorgan will join us for an exclusive interview. the next part of "worldwide exchange" continues right after this. >>> it's a bad day for banks. shares of ubs, deutsche fall as legal costs weigh on profits. >>> bp is at the top of the stoxx 600. the oil giant ceo has just told cnbc they're going to return more cash to shareholders following those forecast popping figures. >> the shareholders have been very, very patient with bp. i think it's time for us to do not only keeping progressive dividend policy and we will continue to review it. in addition, we announced today we will sell another $10 billion in assets between now and 2015 and make proceeds available for an additional share buyba
need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with themselves on how to write the rules. that's one of the reasons. the other reason is our nation is to polarized that it's very difficult in congress, so you can't -- makes it very difficult to go back and get the technical corrections you need to make it work. but it will get done. we will get through this. we w
today, who access the health care system but can't access the insurance, until we deal with immigration, i think that there's a concern that the overall costs will rise because of what they're attempting to cover. that cost will be born by all of us. >> of course. what's your guidance for the market in terms of this quarter? this is what you're going to be talking about, obviously, with analysts. they want guidance and outlook for next year. >> we're not giving guidance. one of the things we did do was have aspirational goals. what what did when we went public. ipo, i should say, not public. people want to say what could aig accomplish some day? we had the aspirational goals. even that, we're going to be talking about that tomorrow on our call. basically say it's becoming so close to 2015, we're concerned that it's becoming guidance. we don't want to give guidance. so, therefore, going forward, we won't comment on those aspirational goals. we're working hard. we're pleased with our progress. and we're not sure we'll be able to get all of them done by 2015. but they'll begin to comment o
together a complex immigration reform system? forget about it. people aren't going to go for that. >> this kind of central planning, this kind of central planning went out of style, i don't know, 30, 40 years ago. as bill kristol said, the fatal conceit. the soviet-style central planning. to think that we can reinstitute that in the united states is nuts, but that's just my view. i want to bring in steve conover. you've got pretty impressive numbers here, and 129 million people according to your plans, according to your calculations. 129 million people either lose their insurance or have to get much higher premium insurance. is that true? how'd you get there? >> well, that is true. spinners like david axelrod have been claiming that this problem will only affect 5% of americans. the people that are getting nongroup coverage. that's not true. that's absolutely false. this problem of losing coverage is going to affect employer -- people with employer-based plans as well. now, out of that 129 million, only 18 to 50 million actually will lose their plan and have to start from scratch.
the recovery and those who say they feel forgotten. and the largest immigration fraud find in u.s. history. that's expected this week. john miller on the future for tech giant infosys and the man who blew the whistle. the news is back in the morning. we'll see you at 7:00. i was just reading a story in the journal about pediatricians, new limits on tv, internet and cell phone use for our kids. not supposed to be watching tv after dinner time which i know we do at home. new recommend decisions from our pediatricians. >> they had a limit of two hours. we were talking about that before. >> we never had tvs in the room. now it's a different thing. what's wrong with that? >> a quick congrat laces to -- congratulations to your hubby, chef jeff finished the marathon. >> thank you so much. it was exciting to see them good have a good show. >>> long time supporters of some of the most controversial nsa programs are outraged at the revelations about the latest surveillance operation that's now being made public. >> now the chairwoman of the senate intelligence committee wants answers. susan mcginnis
as president from the system because of the large number of undocumented immigrants reported as she was homeland secretary. tonight she will outline the vision for the uc system in what's being billed as her first major public address. she will speak at 6:00 at a common wecht event at the mark -- common wecht event at the mark -- commonwealth hotel. >>> two caterpillars were returned to a construction company last night after someone stole the company from the site last week on marsh creek road. those missing excavators cost more than $100,000. the chp is expected to release more information on how they were found later this morning. >>> hour time is 7:31. later today, yelp will rut the -- cut the kibben on their -- ribbon on their new headquarters. nancy pelosi and ed lee will be at the ceremony. the company will announce local nonprofits chosen to get $100,000 grants from the yelp foundation. >>> new development in the case of a castro valley nursing home shut down amid charges of patient neglect. why state regulators are investigating another care facility owned by the same fami
. >> we're going to do gun control, immigration, climate change. >> i think you need corporate and individual. >> immigration. he's already raised -- >> he's raised the rate on individuals. do something with corporations. >> i think it would be a fantastic idea. >> of course in this country. you want lower overall -- there's no argument about that and how you get the overall rate. >> it would be fairer for smaller corporations that can't afford to have the accountants. >> you should write a column on it. what's your stupid column on today? you should write a column on it tomorrow. >> i'm preparing it now. >> jamie dimon. >> you're leading him. >> i saw the headline. >> you couldn't get this through your editor. >> i can get any -- >> no. >> not arguing for lower corporate taxes. >> that's easy. >> by the way, if you haven't figured it out already, we're joined by ben white. he is "morning money's" -- politico's -- >> he's my only ally. >> you're beltway ben. >> "morning money." you're wrong. i agree with the whole argument. i'm looking at the statistics. >> it's the overall bur
seeing illegal immigrants when they go to a clinic in l.a. and other places, they pay cash. starting to see what you referred to. you go in and you pay, you get somebody to walk you through the system. you make your own choices. upper income, lower income with what is happening in obamacare, millions of middle income people will say we want out, we want to be in control. a whole new system will emerge the exact opposite of what the president wanted. connell: the long-term bet is the new enrollees in obamacare and satisfaction with the program will outweigh the people who are upset with it. i would assume, that is their long-term view this will seem like a distant memory at some point. >> you have online insurance now, private exchanges. these things work because if you don't, you go out of business unlike the government where you get more money and the more you fail. the idea people will be satisfied, you trust your medical records by government agencies. you want to be able to nowhere is this thing. you just have to stay healthy for the next two to three years. dagen: can insurance
look. >> trish that, the daughter of immigrants from india hopes to become a doctor. she is a premed major who lives at home. her tuition is just under $6,000 a year, which is all her family can afford. the president of queens college says it provides large amounts of student aid, so students don't to have pick up a job to pay their tuition. >> we're getting students who are from very modest means, first in their family to go to college, maybe first in this country. without us, they wouldn't be able to transcend their particular situation and move up. >> financial planner bob trait said cost has everything to do with how families pick schools. >> from working class families, selectedding the colleges based on the affordability, based on the geographical convenience of their son or daughter commuting as opposed to living on campus. >> with tuition on the rise, many families are looking at where they can get the most bang for the buck, the washington monthly has produced one of many lists that ranks colleges on just that, and queens college is number two. their to do looked at more tha
don't think so. they will do this big giant barge in international waters because of immigration policies. you can't -- we fill the quota up and get a lot of people -- more sense than google glass. stuart: if i live in st. louis i am really out of luck. a long way from my google barge. but you think -- >> would not be surprised if that is where it is. someone will get a promotion if someone gets a really good idea. stuart: i am flabbergasted. good discussion, thank you very much. now this. french soccer goes on strike. now those pagan losers don't even get to watch their soccer. we will deal with it in a moment. stuart: it is called the container store. there are 63 of them. stock started trading up really big, double, up 98%, 35, but that trading, pretty good, solar shares of big this morning, biggest winner on the s&p 500, the company made more money than the exports up 13%. auto sales out today, ford up 14% from x 150s to the fusion. gm sales up 16% and both of those stocks down a fraction the gms up nicely. big story of the day, obama as the best care bombshell, ninety-three
. four years ago, the county agreed to hold suspects so that immigration agents could arrest them for possible deportation. but in 2011, the county passed a law saying they would only hold the suspects if the government reimbursed them for detention costs. on tuesday, the board will talk about whether that law should be changed. >>> a suspect who was shot by suspect police in the marina district is due to appear in court today. the man is facing charges including ae ited on -- attempted robbery, assault with a deadly weapon and battery. prosecutors say police shot him after he tried to rob a man who was answering a craigslist ad for an iphone and then he ran from police. he's also facing charges on the peninsula related to another craigslist scam. >>> 7:11. if you have been to the beach in santa cruz recently, you may have noticed a strange smell. the paper worsts the algae -- reports the algae usually blooms from august through october. but it's hanging around a little later than usual. in addition to the smell, it can trigger allergies in people who are sensitive. >>> santa cruz
millions of immigrants into the united states over the years. now, a lot oaf us also remember this, remember this, the scene of superstorm sandy, slamming into the famous jersey shore, a year ago. the governor of new jersey admits there have been a lot of major delays getting help to the victims of sandy. the governor chris christie maintains his administration is not to blame. he says it took congress three months to finally approve the 51 billion-dollar relief package for those sandy victims. >>> also happening today, back here at home, governor brown is scheduled to announce an agreement between western states and brit british columbia to fight climate change. the agreement is expected to involve standards for reducing greenhouse standards. officials say the agreement is significant because a combined economy of western states and british columbia makes it the 5 5th largest in the world. >>> it's 8:17. in 45 minutes, the trial is set to begin in san mateo county for former 49er and raider, harris. harris is accused of assaulting his boyfriend during an argument at a menlo park r
immigration laws. more to come from the annual conference of cbi. >> speak to you in just a bit. >>> let's just recap on some of the bank numbers we've had today. hsbc profits rose 10% in the third quarter largely in line of expectations as the bank benefitted from a cost cutting exercise. it had hurt the earnings in 2012. the u.k. based bank revealed it was cooperating with an investigation that said the probe remained at an early stage. >>> here's a look at the shares. the top performer on the ftse. 2.5% on the up side over the course of the last three days, 3.5%. james ferguson is founding partner at the macro strategy partnership and joins us in the studio. james, give us your views on how the hsbc numbers looked. >> what's interesting about hsbc, it went into the crisis with the best sort of capital buffer of any of the u.k. banks and that has really proved its salvation. it's managed to generate more and less crystal lieization. it seems weird to think when we look at the u.k. banks, which bank got hit hardest. if you look at the beginning, which would get hit the hardest in terms
to be about locking in, that he had to settle for locking in gains from the first quarter, maybe immigration, but nothing huge. this gets harder to defend and just lock in, it's getting hard to do, as health care. >> there's more jobs than they thought. they thought this thing was a done deal. it's becoming a real liability. >> and all that tap dancing yesterday, really, you can sum up what the president has been saying all along. you can keep your plan as long as it's something that is -- that it adheres to the rules that we're putting forth for obama care. as long as we think it's an okay plan, you're allowed to keep it. you're not smart enough to decide yourself -- >> the crushing sound bite -- >> the -- is that the sound bite ta you think -- >> he said it's about 5% of the american people in the individual market and the subset of that group will be affected by this. they got new plans ever since the law -- >> you need more -- >> but the loophole. they don't feel this is a big rob. but the crushing sound bite for the president is that he said you can keep your plan, period. he didn't say
mitchell, son of a goat herder in greece. he was an immigrant. he was running out of gas. his company was called mitchell energy. nick steinberger, i wrote about him. he had a break through and changed the country and the world. there are guys like harold ham. he grew up dirt poor. couldn't even start school until christmas time each year because he had to help his parents in the fields picking cotton and watermelon. now he's worth about $14 billion. his wife is going to walk away with more money than oprah. that's a lot of money. >> who is the publisher of this book? >> penguin. >> did you talk to them about the title? no one thought of meet the fraccers? >> why would you call it meet the -- you are introducing the frackers to us. you didn't want it to be funny? >> we thought about it. >> you thought about meet the frackers. >> look in the back of the book. it says meet the frackers. >> i thought it was only me. >> you know what, then it's fine you didn't use it. we ran it past them. they were like, ah, no. i gave it a shot. >> sticks in a mud. >> for business, right. for the paper b
Search Results 0 to 30 of about 31 (some duplicates have been removed)

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